It has been confirmed that former managing director of French men’s label Fursac, Jérémie Le Febvre, has departed the organisation, almost one year on from his initial appointment..
As a result, with the help of Ilan Chetrite, the founder of Sandro Homme, Isabelle Guichot, the chief executive officer of SMCP, the parent business of the Italian brand, will assume control on an interim basis.
The shift was outlined in a statement to FashionNetwork, for which the luxury conglomerate noted, “The Fursac teams, together with its creative director, Gauthier Borsarello, are fully mobilised to ensure the brand’s next important milestones run smoothly, including the presentation at Fashion Week on January 18 and the brand’s continued international expansion in Korea.”
Le Febvre had been the CEO of the British fashion company A-Cold-Wall since November 2022 when he initially joined the executive committee of SMCP and Fursac in May 2023.
Fursac had been on a roll financially at the time, as evidenced by its March report, which showed that its net profits had more than doubled to € 51 million.
However, the total group sales of the SMCP have been declining recently. As it continued to deal with a difficult market environment, the company announced a 4.4 per cent decline in sales for the third quarter in October 2023.
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